IFSC Code of Axis Bank, Lalpur Chowk Branch Ranchi Branch, Jharkhand

Below are the complete branch details for Axis Bank, LALPUR CHOWK BRANCH RANCHI branch, located in RANCHI, JHARKHAND. The IFSC assigned by the Reserve Bank of India to this branch is UTIB0005023. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case UTIB0005023 for Axis Bank – LALPUR CHOWK BRANCH RANCHI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Axis Bank – LALPUR CHOWK BRANCH RANCHI is UTIB0005023. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 005023 map to this branch in RANCHI, JHARKHAND.

Branch details at a glance

About the bank

Axis Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Lalpur Chowk Branch Ranchi branch in Ranchi, Jharkhand is part of this network and uses the IFSC code UTIB0005023 for all electronic settlement.

Lalpur Chowk Branch Ranchi branch overview

Located at AXIS BANK LTD, UPPER GROUND FLOOR, H SQUARE, CIRCULAR ROAD, OPP WESTSIDE, LALPUR, RANCHI, the Lalpur Chowk Branch Ranchi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UTIB0005023 is required for all interbank electronic transfers routed through this branch.

Why every Axis Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including LALPUR CHOWK BRANCH RANCHI of Axis Bank — its own 11-character IFSC. The code UTIB0005023 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC UTIB0005023 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC UTIB0005023

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC UTIB0005023 across all three.

How to use IFSC UTIB0005023 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Axis Bank's LALPUR CHOWK BRANCH RANCHI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC UTIB0005023.
4. Confirm the bank name auto-populates as Axis Bank and the branch as LALPUR CHOWK BRANCH RANCHI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC UTIB0005023

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Axis Bank – LALPUR CHOWK BRANCH RANCHI, ensure your bank's portal accepts IFSC UTIB0005023 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Axis Bank LALPUR CHOWK BRANCH RANCHI (IFSC UTIB0005023)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0005023 in your mobile or internet banking app, and the money is credited to the LALPUR CHOWK BRANCH RANCHI branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Lalpur Chowk Branch Ranchi

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC UTIB0005023:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at LALPUR CHOWK BRANCH RANCHI is still linked to IFSC UTIB0005023.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC UTIB0005023

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Axis Bank – LALPUR CHOWK BRANCH RANCHI is still mapped to IFSC UTIB0005023. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC UTIB0005023 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Lalpur Chowk Branch Ranchi branch is mapped to IFSC UTIB0005023 on the RBI payments network. The branch generally supports the full retail product catalogue of Axis Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains UTIB0005023.

Products and services

Customers walking into the Lalpur Chowk Branch Ranchi branch can access most of Axis Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC UTIB0005023

MICR & cheque-truncation details

Cheques drawn on the Lalpur Chowk Branch Ranchi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0005023 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the Lalpur Chowk Branch Ranchi branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC UTIB0005023 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Axis Bank – LALPUR CHOWK BRANCH RANCHI:

• The IFSC is exactly UTIB0005023 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Axis Bank as the bank name and LALPUR CHOWK BRANCH RANCHI as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Reaching the branch

The Lalpur Chowk Branch Ranchi branch sits at AXIS BANK LTD, UPPER GROUND FLOOR, H SQUARE, CIRCULAR ROAD, OPP WESTSIDE, LALPUR, RANCHI. If you are travelling from outside Ranchi, search for the branch on a maps application using the bank name and locality, or call 651-8051237172 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC UTIB0005023 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC UTIB0005023 for Axis Bank – LALPUR CHOWK BRANCH RANCHI, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Lalpur Chowk Branch Ranchi are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to UTIB0005023 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code UTIB0005023 belongs to Axis Bank's LALPUR CHOWK BRANCH RANCHI branch, located at AXIS BANK LTD, UPPER GROUND FLOOR, H SQUARE, CIRCULAR ROAD, OPP WESTSIDE,… in RANCHI, JHARKHAND. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.